Children’s Fitness Tax Credit

Tax Tips with Lana Laskovic, Armour Mountain Office Services

  • Feb. 25, 2015 11:00 a.m.

The Children’s Fitness Tax Credit allows you to claim eligible fees paid in the year up to a maximum of $500.00 per child (an additional amount of $500.00 is available if the child is eligible for the Disability Tax Credit and minimum of $100.00 has been paid for eligible fees in the year).  Eligible fees include an amount paid related to the cost of registration or membership for you or your spouse’s or common-law partner’s child in a prescribed program of physical activity.  The child must have been under 16 years of age (or under 18 years of age if eligible for the disability tax credit) at the beginning of the 2014 year in which an eligible fitness expense was paid.

Children’s Arts Tax Credit

Is your child a budding artist or musician? If your child attends programs that contribute to his or her development, you may be eligible for a break at tax time.

Important facts

If your child participated in an eligible program of artistic, cultural, recreational, or developmental activity, you may be able to claim up to $500 of the fees you paid in 2012 for registration or membership. Claiming the full $500 can save you $75 on your tax bill.

Your child must have been under 16 years of age at the beginning of the year in which eligible arts expenses were paid (or under 18 years of age if he or she is eligible for the disability amount).

You can claim this credit for your child, as well as the child of your spouse or common-law partner.

You may claim an additional amount of $500 for each eligible child who qualifies for the disability amount and for whom you paid a minimum of $100 for registration or membership fees.

Two parents can claim eligible fees for the same child, as long as they do not claim the same fees and the combined amount is not more than $500.

Organizations who offer programs are in the best position to determine if they are eligible. Make sure to get a receipt for the fees you paid.

If you have any questions about your medical expenses please contact us at:  Armour Mountain Office Services, #1 – 4353 Connor Road, Barriere, B.C., V0E 1E0.  Or call 250-672-9994, or email: ambats@live.ca